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what is surcharge?
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Answer / prasanna
Surcharges are often a charge in addition to a charge, or a
tax added to the original tax.
| Is This Answer Correct ? | 38 Yes | 10 No |
Answer / ashok motiani
Surcharge is the amount, which is charged over & above the
actual charged amount.
| Is This Answer Correct ? | 42 Yes | 15 No |
Answer / saloni
If gross receipts subject to TDS of an individual or HUF
exceed Rs. 10 lakhs, there is an add surcharge of 1.5%.
this means that if even after deducting TDS and all other
charges (ex. education cess) the income of a person still
exceeds Rs. 10,00,000 then an additional charge of 1.5%is
levied on the amount. this additional charge levied over
and above the actual charge is called surcharge.
hope this helps.. good luck!!!
| Is This Answer Correct ? | 9 Yes | 3 No |
Answer / radhika
Surcharge is charged when the taxable income crosses
Rs.10,00,000/- after taking into a/c all deductions.
Surcharge will be charged on tax payable.
| Is This Answer Correct ? | 15 Yes | 10 No |
Answer / rajesh
surcharge is charged if the tax payable amount is more
than ten lakhs after deducting all deductions
| Is This Answer Correct ? | 19 Yes | 15 No |
Answer / dheeraj
surcharge is tax on tax if total taxable income is more than
1,00,00,000. In calculating surcharge relief is calculated
if any.
| Is This Answer Correct ? | 1 Yes | 1 No |
surcharge is charged, Income tax covred under income tax
Act 1961,if taxable Inocme exceed above 10 lakh then
surcharge should be pay by assessee @ 10% with ed.cess 3%
| Is This Answer Correct ? | 5 Yes | 8 No |
Answer / bal karmakar
dont know how shold i know when i have never given income
tax till now,dont ask silly question
| Is This Answer Correct ? | 6 Yes | 9 No |
What will be the journal entry of provision for income tax in the financial year .
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